Intractable Inflation Very Dangerous New Paradigm – Michael Pento

Money manager Michael Pento says get ready for big inflation. Pento explains, “When the emergency ended (from the 2008-2009 financial meltdown), they were going to reverse course, sell those assets back to the public and take those dollars out of the economy. . . . A funny thing happened on the way to doing that, the global economy imploded. So, here’s the point . . . the central banks have admitted, tacitly at least, they can never take away those assets. They can never drain their balance sheet, meaning they have permanently monetized this debt. Interest rates can never be allowed to rise above 0% in nominal terms and, in real terms, will grow more and more profoundly negative. That should shock investors. That is a moment of enlightenment, a watershed moment, an epiphany throughout the world. Hello investors, central banks are putting you on notice that nominal interest rates are going to be at 0% or below, and real interest rates will grow more and more negative throughout time. . . . If China cannot re-leverage its economy for explosive growth, and central banks are extremely fettered with their ability and means for which to stimulate economic growth immediately, I would be cautious about buying this rally, which I am. I think we are going to have one more sharp downturn in the equity market . . . and then, here’s the sad truth, you have to go massively long inflation hedges.”

This brings up top gold and silver for protection against the coming money printing and inflation. Pento explains, “These currencies will collapse against precious metals as they did in Rome. Prices will go a lot higher as they did in Rome. . . . When people lose faith in a currency’s purchasing power . . . this is why gold has had spectacular three month rally, and I expect it to continue after a little consolidation here. . . . The debt has been permanently monetized across the globe. That’s pretty scary. If we are all headed in the same direction as Rome, that is pretty frightening. . . . Central banks have messed up for lack of a better word. They understand that they control the entire global economy. They control all asset prices, and they can never step away. That should scare everybody.”

In closing, Pento gives his simple economic road map. Pento says, “We’re going to have one final whoosh down in stock prices and in the economy. That’s going to bring Jerome Powell (Fed Head) back to 0% interest rates and back into QE (money printing), and then it is intractable inflation for as far as the eye can see. That is going to be a very, very dangerous new paradigm for the world. We are all going to look like Rome. Real interest rates will be falling, and that is rocket fuel for gold.”

Pento also points out that the “non-financial” debt in the USA was $33 trillion in 2008. Today that same “non-financial” debt has ballooned to $51 trillion. That’s an $18 trillion increase in just 11 years. Pento says this is yet another sign that inflation will have to be pushed, and the default will be through massive inflation.

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About the Author

Greg Hunter

Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.

Thank you for the SMH article Anthony as it completely agrees with Michael Pento’s forecast! The BIS, the IMF, the FED, and the Central banks of the globe have set up the world for a complete destruction of all fiat currencies through both public and private debt implosion so they can reset the world into an electronic cryptocurrency!

When JPMorgan which is a CB masquerading as a private bank launched the “JPM Coin” they proved we took a major step toward the reset by mainstreaming blockchain technology in the financial system:

All that is required is the “7 years” of ramping inflation to bring EXACTLY what Jesus’ 3rd seal unleashes:

Revelation 6:5-6 And when he opened the third seal, I heard the third living creature saying, Come. And I saw, and behold, a black horse; and he that sat thereon had a balance in his hand. (6) And I heard as it were a voice in the midst of the four living creatures saying, A measure of wheat for a shilling, and three measures of barley for a shilling; and the oil and the wine hurt thou not.

This is all being orchestrated by our Father who handed Jesus the book of 7 seals that He will open over a 7 year period with the 1st seal commencing the 7 year tribulation:

Michael Pento says: “Get ready for big inflation” … with the Demon-rats running a bunch of commies for President in 2020 … big inflation “is guaranteed” (so buy gold) … now if Trump wants to win in 2020 … he must “neutralize the perception” people have that the 1% are currently on the dole and getting a free lunch … Ivanka Trump is not effectively dispelling this perception … people are going to vote for the commies en mass … because the commies promise to print up all the money necessary to put the 99% on the dole to get their fair share of the free lunch (the 1% are now getting)!! … https://www.zerohedge.com/news/2019-02-26/ivanka-starts-cat-fight-aoc-people-dont-want-guaranteed-minimum

People are getting the message … the US Mint has run out of silver to make more silver coins (the US Mint is required by law to go into the open market and buy more silver to satisfy the public’s demand for silver coins … but they have instead “illegally” suspended production) … likely simply following orders from the Ponzi Protection Team so as not to drive the price of silver upward … but by the weasels at the US Mint not going to satisfy demand … is like trying to hold a cork in a heated champagne bottle … these “weasels” will soon hear “Pop”!! … https://www.zerohedge.com/news/2019-02-27/us-mint-suspends-silver-bullion-coin-sales-after-sales-double-february

Another weasel is that two faced “forked tongue” Cohen … perpetual lairs always believe others will believe their lies (because they repeat them so often … just like the Nazi’s knew that telling lies “often enough” will get people to believe them) … what I don’t like about Trump is that he has a propensity to surround himself with really evil people (evil neocons, evil banksters, evil lawyers, etc.) … not good!!!

The problem is that we have socialism for the elites, a few crumbs thrown to the poor and nothing for the middle-class. I believe this is what you are alluding to when you say the perception is that “the 1% are currently on the dole and getting a free lunch”. So yes, I agree with you that people will eventually catch on and want to join the socialist party-time. I expect Bernie Sanders agrees with you as well, hence why he is running again.

TSI,
For once we agree. We should have taken all the Warren Buffett’s of the world into bankruptcy in 2008 and set the system and the 99% would be doing much better today. There would have been pain but much more coming than that because of the Fed and all the bailouts. Socialism will not fix what is coming either and will only make it worse!!
Greg

TSI – What boggles the mind is the peddling of this ‘savior’ called socialism to make things ‘just’ , which is a complete farce, a big lie and scam. The ruling elites become more elite under socialism as they promise to throw ‘FREE’ breadcrumbs to the masses all in the name equality. Show me one socialist country where the ruling elites do not live in luxury at the behest of the serfs! The serfs throw out their trembling arms for their little freebees, while they live under an abject dictator ruler ship … the masses are completely brainwashed. They are completely dumb and ignorant in that the present USA system at the top is an Oligarchy and not a free market capitalism … Same for Europe and most countries. In a true free market, people and entities go broke … Not for the elite! The bankers (the FED) did not let their elite brethren go bust! As Greg mentions- Warren Buffet was broke … Goldman Sucks would have gone broke because AIG went broke … a whole daisy chain of elites should have gone bust around the world! They gambled big, lost and still won big … All bailed out at the behest of their elite brethren at the Fed and all burdens laid on the shoulders of the middle class – the tax payer. Do you honestly think that under socialism the elites are going to act differently … Please … Mans thirst for power does not change regardless of the ism the are in. https://www.youtube.com/watch?v=Cjwonvar-3g

Paul, yea, I heard one new political socialist on the recently explain that everyone would get a pay check even if they didn’t want to work, seriously I thought that that would sell to lots of American hating slackers out there who either hasn’t worked or never have worked not to mention all the others who have no work ethic to speak of. Trump has his work cut out for him that is for sure. The good news if there is any, is that many true critical thinking Americans realize there is no free lunch like what Bernie and Company are trying to sell.

Pento has about 18% of his assets in gold … what about an older person who owns a $300,000 dollar home (fully paid for) … 18% would be $54,000 dollars or about 40 ounces of gold … now for a younger couple (with a home mortgage) and say $60,000 invested in their $300,000 dollar home … 18% of $60,000 is $10,800 … so a younger couple will need about 8 ounces of gold … some people don’t include a persons house in their calculations as to how much gold to own … this is wrong … as a home is a liability whether to a bank or to a property tax assessor (which can be seized if a few payments are missed) … it should be covered by gold “insurance” that is not someone else’s liability!

Bottom line … the more money you have invested in your home … the more money you need to invest in physical gold (the same holds true of the stocks and bonds you hold … their value also needs to be insured by gold)!!

You know … Trump has another thing to worry about in 2020 … and that is that his base will simply stay home and “not vote at all” … hoping for a Demon-rat victory … so inflation will finally drive up the price of all the gold and silver coins they own … to avoid such a situation … Trump should tell his Ponzi Protection Team to keep their hands off gold (and perhaps even manipulate it up a bit) … this way in 2020 his base will be so happy they will enthusiastically vote for him early (and often)!!

Colonization of the Solar System will better the chances for our civilization (and all Earth’s species) to survive the cyclic explosions on our Sun every 12,000 years … now if a billionaire is going to work toward the goal of saving humanity he is effectively a “God guy” … so my categorization of billionaires as the major problem manipulating our government can’t be so simply made into a black or white issue … yes we we need less greedy billionaires … but intelligent billionaires with a good vision for humanity can greatly help to do God’s work … https://www.zerohedge.com/news/2019-02-27/bezos-envisions-trillion-humans-across-solar-system-1000-mozarts-and-1000-einsteins

Politics
Colorado Moves To Bypass Electoral College: Will Assign Electoral Votes To Popular Vote Winner
Mac Slavo
Certain political elements within the United States simply can’t deal with the fact that our Founders created a voting system that ensured limitations on mob rule stemming from a handful of cities throughout the country. To protect the rights of all Americans, including those living in smaller rural counties, they came up with the electoral college, a method by which all Americans from varying backgrounds and ideologies can be represented during a Presidential election.

Thanks, Mr. Hunter!
Well, there it is. The depression has begun. After awhile that gets joined by accelerating inflation.
Stagflation, worse unemployment and social chaos, IMO. To have any chance, we have to be in PMs big time.
The remaining big question for me is whether house prices will crash over the next year or so — before they start rising quickly with the long-term overall rate of inflation. I’m not so sure that the Fed can stop that from happening.

Mr. Stanley, We appreciated your post about your Shetland … and he reminds us of our Border Collie, Amos, … now bear in mind that a Border collie is really smart in a very narrow window!! If there is stock involved then he is in his element … but … if outside his field of expertise … “Really Pretty Stupid!!”… for example … if there is a garden hose laying in the yard, Amos will stare at the hose end … like all day, waiting for the water to arrive !! … and if you happen to be using a shovel … he has to be right at the end of it to the point that you have to shoo him away so as to not whack him with the shovel !! Life on the homestead, Yours in country humor, FN, DB.

They probably won’t be able to stop house prices crashing. I would love to bag one of those apartments in a Chinese ghost city, preferably Thames town, so that when the Chinese tourists come my accent will fit with the own and then perhaps I can be a tour guide.

Please excuse me Greg for speaking out of turn and I only read the excerpt and maybe he explained it in video format but did he not say that the market would crash in October? It always seems to go down in October anyway but look at it now! Maybe he has amnesia. Shouldn’t he be accountable for wrong information? What allows these guests to shoot their mouths off and act like they never said it. Greg Mannarino is the only one who admits error. A lot of people believe these guests and follow their advice. I feel great buying silver @ $45 When the sky was falling.How about holding their feet to the fire. These guys are misleading people and I think it’s wrong. Who are they kidding?

Yep, all roads lead to Rome as they say, financially and spiritually. So Pento is long on stocks long term as an inflation hedge. This seems more plausible than what Armstrong is saying as Pento seems to be arguing that stocks will gain price nominally due to an inflating currency. So in real terms they will just hold steady. However, once the value of money has been destroyed, surely there will be a depression.

Once the old currencies die and they are replaced by the new government cryptocurrencies or equivalent, the units of currency/money supply will be much more limited than the previous currency (so the inflationary cycle can start again), leading to a depression in asset prices, relatively speaking.

Like Rome … the “armed” Drug Cartels are infiltrating our border … and our sleeping Generals are oblivious to the threat? … is it because the drug and human traffickers are not wearing military uniforms?? … they carry AK 47’s don’t they General??? … don’t the Demon-rats in Congress believe “homeowners who have guns are a threat to this Nation” requiring revoking the Second Amendment to fix the problem ???? … but the MS13 Mexican Drug Cartel gets to keep their AK47’s and are perceived “as no threat” by our Military????? … https://www.zerohedge.com/news/2019-02-27/no-military-threat-us-mexico-northcom-chief-tells-lawmakers

NAFTA, even though Trump claims it’s been replaced, is very much alive in the new deal: the United States-Mexico-Canada Agreement (USMCA). America’s sovereignty and independence is again threatened as portions and chapters are identical to those in the Trans Pacific Partnership (TPP).

As globalists tout of its ability to make a stronger North America and plan to integrate the U.S. economy with Canada and Mexico, action must be taken to prevent a North American Union and an eventual world government.

Evidently the deep state has several bioweapon false flag attacks planned like the one that was taken down in LA a week ago. According to this report three million Americans are at still at risk. Don’t think they would do it? Think again. This is all out war.

greg,
Sorry to go off topic….
Catholics did pray to the saints. I grew in a mostly Catholic neighborhood and remember them praying to certain Saints for certain reasons. People don’t make this stuff up.

I believe other Christians on earth can pray for you, but dead people will not pray to God for you. Why pray to the dead when you can pray to God? It’s a terrible and almost evil thing to pray to Mary, especially the Black Madonna, but Catholics seem to worship Mary more than they do Jesus.

Thanks Greg, Michael Pento is a smart man who is giving an honest aview of how things will unfold. Pento’s description early in the interview of how QT failed is right on. The (ivory Tower) FED took an untested theory/concept that “looked good on paper” and tested it with the world reserve currency; what could possibly go wrong?!?! Now we know. Heroin addicts are addicted to heroin, no matter how much they want to get off, they are addicted and always will be. The 1%/0.1% are addicted to cheap money, so QT failed.

A global currency reset is the only way out, but a GCR rollout will get a lot of push-back from the 1%/0.1% crowd who think that QE to infinity is necessary to their way of life. The transition from one regime to the next will not be smooth and there will be blood.

There’s a lot you don’t get, Mohammed. Here are but a sampling of Koranic verses that command violence to those who are not Muslims. Face it. Mohammed was, at best, a small minded, violent, and very insecure man. And a mediocre prophet. So much for the Religion of Peace. I’m still waiting for some Islamic texts that command tolerance and non-violence. Every other religion has many examples.

A sampling of texts from the “Religion of Peace”.

“Those that make war against Allah and His apostle and spread disorder in the land shall be slain or crucified or have their hands and feet cut off on alternate sides, or be banished from the land. They shall be held up to shame in this world and sternly punished in the hereafter.” (Sura 5.33)

“O believers, take not Jews and Christians as friends; they are friends of each other. Whoso of you makes them his friends is one of them. Allah guides not the people of the evildoers.” (Sura 5.51)

“Allah revealed His will to the angels, saying: ‘I shall be with you. Give courage to the believers. I shall cast terror into the hearts of the infidels. Strike off their heads, strike off the very tips of their fingers!’ That was because they defied Allah and His apostle. He that defies Allah and his apostle shall be sternly punished by Allah.” (Sura 8.12-13)

“In order that Allah may separate the pure from the impure, put all the impure ones [i.e. non-Muslims] one on top of another in a heap and cast them into hell. They will have been the ones to have lost.” (Sura 8.37)

“And fight them until there is no more fitnah (disbelief and polytheism, i.e. worshipping others besides Allah) and the religion (worship) will all be for Allah alone (in the whole world). But if they cease (worshipping others besides Allah) then certainly, Allah is All-Seer of what they do.” (Sura 8.39).

“Muster against them [i.e. non-Muslims] all the men and cavalry at your command, so that you may strike terror into the enemy of Allah and your enemy, and others besides them who are unknown to you but known to Allah.” (Sura 8.60)

“O Prophet, urge on the believers to fight. If there be twenty of you, patient men, they will overcome two hundred; if there be a hundred of you, they will overcome a thousand unbelievers, for they are a people who understand not.” (Sura 8.65)

“It is not for any Prophet to have prisoners until he make wide slaughter in the land.” (Sura 8.67).

“Fight those who believe not in Allah and the Last Day and do not forbid what Allah and His Messenger have forbidden — such men as practice not the religion of truth, being of those who have been given the Book [i.e. Jews and Christians] — until they pay the tribute out of hand and have been humbled.” (Sura 9.29)

“If you do not go to war, He will punish you sternly, and will replace you by other men.” (Sura 9.39)

“Prophet, make war on the unbelievers and the hypocrites, and deal harshly with them. Hell shall be their home: an evil fate.” (Sura 9.73)

“They [i.e. faithful Muslims] will fight for the cause of Allah, they will slay and be slain.” (Sura 9.111)

“O believers, fight the unbelievers who are near to you, and let them find in you a harshness, and know that Allah is with the godfearing.” (Sura 9.123)

“When We resolve to raze a city, We first give warning to those of its people who live in comfort. If they persist in sin, judgement is irrevocably passed, and We destroy it utterly.” (Sura 17.16)

“We have destroyed many a sinful nation and replaced them by other men. And when they felt Our Might they took to their heels and fled. They were told: ‘Do not run away. Return to your comforts and to your dwellings. You shall be questioned all.’ ‘Woe betide us, we have done wrong’ was their reply. And this they kept repeating until We mowed them down and put out their light.” (Sura 21.11-15)

“When you meet the unbelievers in the battlefield strike off their heads and, when you have laid them low, bind your captives firmly. Then grant them their freedom or take a ransom from them, until war shall lay down her burdens.” (Sura 47.4)

“Mohammed is Allah’s apostle. Those who follow him are ruthless to the unbelievers but merciful to one another.” (Sura 48.29)

“May the hands of Abu Lahab [Mohammed’s uncle, who had refused to embrace Islam] perish! Nothing shall his wealth and gains avail him. He shall be burnt in a flaming fire, and his wife, laden with firewood, shall have a rope of fiber around her neck!” (Sura 111.1-5)

I will never ever reject ONE LETTER of my holy book Quran, to understand it you have to take it as a whole unit not one segment and twist it to your liking, this is not how the word of god is treated.
EITHER TAKE IT ALL OR REJECT IT ALL.

Mohammad,
I know that will likely be your answer. As the matter of fact, it’s exactly what I expected.
To tell you the truth, I’m a lousy Christian since I practice all the things which I despise in the Old Testament and the Koran.

You are not s lousy christian, you are in search of the truth, deep inside you wether knowingly or subconsciously you are in a constant search of truth, all of us are, our body is bound down to mud and our soul is aspiring up to its creator, this who we are the majestic creation of god of those two components that are harmoniously living together until our exam is over when the bell rings. during the journey we are in continuous search of the truth, when we find it we find peace within.
I love you for whoever you are, you know why? because you have something from god who created you (soul) that I also have.

Infanticide and the killing of babies that survive abortion
Open borders and illegal immigration
Rights for illegal aliens over the rights of its own citizens
Open calls for socialism in America
Elimination of beef, pork, chicken, and other meat products
Eliminating all products from oil including fuels, fertilizers, and pharmaceuticals
Elimination of gas run engines in cars, motorcycles, tractors, lawn mowers, etc…
Elimination of air travel
Elimination of all current sea modes for the transportation of goods for trade
Elimination of all plastics
Degradation, shaming, and or hating of the white race, especially the white male
Dividing of US citizens for the purpose of gaining all the levers of power
The party of ever expanding big government and control over its citizens
Liberalism is a MENTAL DISORDER

Greg; Excellent Michael Pento has hit it out of the park, a great service and favor to all of us for our own survival. Down to earth, without all of the bankers speak that continues to bamboozle all of us day in and day out. The situation today calls for FDR’s Glass Steagall which would force the to big to fail investment banks to be broken up, the insolvent investment sections, which speculate with families savings, to eat their losses and no taxpayer bailout; if the whole institution goes bankrupt so be it they are owned by the oligarchy and as such are the ultimate weapon against decent human society.

So Pento is saying to havr hard Assests and I completely agree with that. However if the stock market is the new economy (also basically true), shouldn’t we be looking to buy stocks after the next Dip which he refers to in the interview? I only bring it up because Pento seems to believe a currency reset is years away (no way to know for sure but I think he’s right about this as well). Might as well profit since the Cbetral Banks have the means and no alternative but to keep the market propped up higher.

Investing in Corporations “made by man” is investing in something that has a limited lifespan … so all stocks should be avoided … investing in Gold “made by God” is investing in something that is immortal … we should all be moving toward having a “personal experience” with God’s gold and not man’s stocks!!

All Stocks are promoted as being “gold mines” … they are simply “black holes” for your money with lairs at the top … all corporate CEO’s are weasels just like Cohen (just with different degrees of lying skills)!!

When your guests use terms like “Monetize the debt” they need to give us THEIR definition of that term I think it would help folks understand what the guest is talking about easier. Some folks I have referred to your site have said they dont watch anymore because some of your guests talk over their head . These are not stupid people but certain terms get thrown about by different guests & they appear to have different meaning depending (context ) on who is talking. Like CAF for example.

As far as interest rates the PTB will lie & obfuscate the truth from the GDP ( Generally Dumb Public ) like they do now ( when was the last time we could trust government statics? the folks on Social Security have been screwed for soooooo very long) & they will be none the wiser . They will at best think something is wrong but never realize what that is.

Yeah … they will fix our life with more and more “panels” of money … and fix our death with more and more health “panels” … our existence is like a big patch “panel” that connects all the Jack offs in this holographic matrix together!

Greg, first Martin Armstrong, now Pento, back to back, you can’t do any better.
I think Pento eludes to QE, and inflation, which coincides with Armstrong predicting a big run-up in the markets, if QE happens
again “got to keep the 1% happy.

I sure would like to be in the same room with these guys, and just listen to them converse with each other.

Greg, I appreciate the hard work you do in trying to wake up the country with every guest you have one. I have some issues with the Republican party but the evil that the Democrats advocate for is beyond the pale. For one, they are turning against capitalism and the idea of people earning their own wages. Michael brings up this issues when he mentioned the recent State of the Union Address, where “the Democratic Party can no longer stand up and applaud that we’re a captitalist nation? Where are we going here?”

I’m guessing that this Friday you will discuss the bill that Democrats voted against–including all the Democratic candidates for 2020–that would require later-term babies who survive abortions to receive medical care. How can they consider themselves a good alternative to Republicans when they endorse killing babies OUT OF THE WOMB? One article is straight out calling them the party of evil for that very reason: http://conservativeangle.com/democrats-are-the-party-of-evil/

Greg, I respectively disagree. Those so-called “Christians” don’t worship and serve the true God. They worship and serve a “god” that they conjure up in their minds. It’s a religion of self. Many of those “Christians” support infanticide, sodomy, and liberalism. The fact that Americans have allowed iniquity to metastasize, and lawlessness of their “elected” (selected) officials to go unabated, reveals that a majority of Americans manifest, variably, wicked hearts and little to no moral compass. They lack a moral code by which to live in bestowing justice when that code is violated by those who rule over them. Sure, the “elitists” feed Americans the filth, evil and materialism, but Americans choose to consume it. Satan wouldn’t have the power that he holds in this world, if people refused his offerings.

Beware … it’s the 580 Godless billionaires who are without scruples (electing their selected workers of iniquity into Congress) … we have (580/340,000,000) or 0.0001705% of the people controlling .9998295% of the people in the US (which is many many times less then the one percent we all talk about as having control over our lives)!!

You know … as for the Demon-rat politicians promoting the killing of babies … millions of “free love” commies will always stampede to the polls to vote for them … because it takes away any tinny bit of guilt they may have in the back of their minds that “killing children is evil” … this is also the reason they religiously go to Church every Sunday to hear lectures by pedophiles who they know are also killing kids and burying the bones under the alter … voting Demon-rat “relieves a lot of stress” … commies actually feel joy coming back into their lives voting Demon-rat as it removes any inward guilt they may feel about murdering children every time they go for their “free love” abortions … they find comfort in doing their evil crimes being in the company of other child murderers … that’s why they vote “en mass” for Demon-rat Cuomo and that evil Virginia Governor … as it makes them feel better about themselves … so good in fact that they just know Jesus will be accepting them into Heaven … why do you think they are all going out and buying their white dress’s now … but little do these deluded murderers know … they have the same chance of getting into Heaven as the Pope!!

What of the Demon-rats that have not bought white dresses?? … they are likely atheists … they feel it is better not to believe in a Hell at all … so their miss deeds “killing children” will never have to be accounted for … you know with Church attendance falling I wonder if the Pope (who also claims there is no Hell) is now trying to convert atheists to Catholicism?

I agree that the issues you raised reveal the face of evil. However, don’t forget the Republicans were in power for that Luciferian sacrifice, otherwise known as 9/11, then said a bunch of Saudis did it, then attacked Iraq on false pretences. It doesn’t get more evil than that! And how many people (including babies) have died as a result of asbestos related conditions in New York and how many babies died in the ME due to the wars? You should have more than “some issues” with the Republican Party.

If we end up with intractable inflation for as far as the eye can see, then those of us on a fixed income are going to eventually starve to death, and/or be living under a bridge or on the streets. As our useless federal reserve notes won’t buy enough to survive on. If food, energy, medical care and housing costs require more and more useless FRNs and we have no way of acquiring more FRNs, then it sounds like the end of the road for poor people everywhere on the earth. I know, buy PMs, but for some us that is not possible in any meaningful way. Slow and painful destruction. Satan must be loving this. It is going to take a lot of faith to fear not.
Barter will help, but it won’t pay the mortgage. Fight or flight? Not much of a choice to pick from. Mans inhumanity to man, continues to blow my mind. But it is something to witness. Like I said before, if I couldn’t see it with my own eyes, I wouldn’t believe it. Referring to the gross cruelty and corruption of the world we live in.
“It’s bad you know.” R.L. Burnside

And your many invisible silver money trees will grow to become an incredible “invisible forest of wealth” … that the crooked banksters and politicians in the matrix won’t be able to see or tax away from you … they will have no record of it … and thus won’t be able to cut your wealth down from 100% to 2% like was done with the US dollar … nor will they be able to tax it upon your death … it passes to your heirs “tax free” (no need to set up Trusts or hire crooked lawyers) !!

paul …,
I’m worried that my cell phone will be tracked to all of the “seeds” that I plant (well, the satellite and drone surveillance is a worry, too). So I bury a lot of pennies instead . . . just to drive them nuts running around trying to dig up my silver.

iwitness02,
I’ve been meditating about your interesting comment.
I searched for and listened to the song (I didn’t know to what you were referring until I put it in the search engine). It was pretty good, actually. Thanks.

Mike and Greg,
Thanks for the excellent discourse. Mike, your thesis is cogent and compelling. Feds are definitely between a rock and a hard place. Damned if they do and damned if they don’t.

I agree it’s most likely they will maintain or even lower interest rates, not unwind their balance sheet and introduce another round of QE –in effect monetizing the debt. At least for most of 2019.

However, I still think there is a possibility in late 2019 or early 2020, they will reverse course again– sending the economy into a tailspin. What they do depends on who is pulling the levers: the deep state/oligarchs or the patriots/industrialists. In any event we will know in short order. In the meantime–I just stack when I can.

Ps: Mike, do you think it’s too late in the game to buy some more palladium? And what do you think of holding 45% to 45% physical gold and silver and 10% other?

Greg,
Loved it when you told Michael Pento “Michael, you are a good man!” Jeffersonian, I don’t believe that Michael said much about Palladium but it seems to be at a high — Basic Investing in Resource Stocks or Why Palladium is about to Fall Off a Cliff Bob Moriarty 321gold might help. Moriarty will always tell it like it is. Good luck to you.

Unfortunately I have to agree, that there is no hope IT IS OVER … the wall of opposition, the Trojan horses that Trump has had to face are going to be too overwhelming …. He is currently in Vietnam essentially dealing with a side show … Yes a stable, friendly, free North Korea would be nice, but it is really the least of America’s problems.

If as Michael Pento describes government will control a person’s ability to move their money in and out of banks, and humanity finds it acceptable, governments will also mandate an electronic chip also be inserted on the forehead or hand. In that case precious metals are also useless (other than deferring the inevitable by maintaining some purchasing ability until the beginning of the end times).

I do not believe it will go that way and we can not let it go that way. The will of just and free people has always created an underground movement. No matter the brutality of a regime there have always been the underground survivors.

Russian’s having faced the incredible difficulties of the collapse of the Soviet Union, the incredible oppression of the Soviet empire, the horrendous human cost of the two great wars, and the oppression of the masses by the ruling elite prior to the revolution are uniquely qualified to help western cultures re-shape their futures. The prosperity America has enjoyed for over 70 years has resulted in a complacency and lethargy that is now overwhelming the remaining few who understand hard work, sacrifice and the building of community based upon shared values.

This message is not an attempt to support Russia, this message is meant for those with eyes to see and ears to hear to analyze the collapse of the USSR, plan for how to cope with a similar event, identify the survival skills used by the Russian people in coping with an extraordinarily difficult time. That time is coming.

Brexit is far far more complicated than what it seems, the way my approach trying to understand it is from similar playbooks been unfolded recently so I make comparison and draw conclusions.
Let me throw one for you and please do not think I am jabbing , I am here pointing similarities:
In Occupied land in M.E. never ever any election was held because simply Israel won’t allow it, however magically it took place ONCE, for a very very good reason:
It was obvious then to PM of Israel Ariel Sharon that the mood of the Palestinians will be for Hamas, Israel allowed holding the election and we know what was the result, then, THAT NECESSITATED ERECTING A WALL to protect Israel from Gaza which in reality was TO SPLIT GAZA FROM WEST BANK to weaken the negotiating power of the Palestinians, keep in mind please the violence in Israel that made Israelis accepting quickly the unilateral withdrawal from GAZA and the solution of the barrier.
Fast forward to your case, same same same just different players:
Ireland had a lot of violence that mimics the one described above, and it is imperative to any divide and conquer entity to hit the Achille’s heel of England and that is Ireland….SOOOOOOOO
You will notice that all the knots and kinks that are thrown on Brexit from EU is the hard border (backstop)…IRELAND…
1- you saw the influx of immigrants promoted by Merkel. That for sure would of shaped the opinion of Brits for the :
2- referandum
3- the result of the referendum was very anticipated because the question in it ignored all the kinks thrown at it afterwards and people were TRICKED with it same way Palestinians were TRICKED with the elections mentioned above.
4- the hard border or wall between North Ireland and main land is a de facto cannot be avoided if Britain to exit.
5- if they revisit the backstop (and they will, believe me) that puts the whole Ireland in separation form the rest of UK and Scotland to follow suit …That is a weak negotiation position GB been put into that they would never fascinated in their wild dream they will be put in one day.
Weaker GB turns it into B and west crumbles….

Since no man knows when the end times will begin what you can prepare for is massive devastation …
Paul In Ozstralia,
What Does Jesus Mean by the Parable of the Fig Tree (Matthew 24:32)?

Some have thought—incorrectly—that Jesus is saying that the seasons are indistinguishable except by the budding of trees. Notice what Jesus actually says in Matthew 24:32: “Now learn this parable from the fig tree: When its branch has already become tender and puts forth leaves, you know that summer is near.” He is simply using the budding of the fig tree to illustrate a point about His second coming.
When spring comes and the trees put out new leaves, we know that summer is not far off. In the same way, we will know Christ’s return is near when we see the events He mentions earlier in the chapter begin to occur. Verse 33 provides the key to His parable: “So you also, when you see all these things [described in verses 4-29], know that it [Christ’s second coming] is near, at the very doors.”
Nevertheless, Jesus warns that we will only know the approximate time of His return, that is, that it is close. He says in verse 36: “But of that day and hour no one knows, no, not even the angels of heaven, but My Father only.” We believe that time is quickly approaching, but we have no idea how soon it will be. The best approach is contained in the apostle Paul’s admonition to the Romans: “And do this [live godly], knowing the time, that now it is high time to awake out of sleep; for now our salvation is nearer than when we first believed.” If we live as if Christ will come tomorrow, we will always be striving to be prepared for it.

I do not think this statement is true anymore: “Central banks have messed up for lack of a better word. They understand that they control the entire global economy.” Central banks gave up control when they failed to correct the ills of the great recession over the last ten years, printed too much money and held interest rates at zero too long. Now when they try to correct the situation, the market tanks and the fed turns course. To me, that is an illustration of the fed’s lacking control. Either way the ultimate course will be interest rates held too low and QE to infinity leading to out of control inflation.

Anthony, so is Trump a globalist or a nationalist … what exactly is the threat to the world that doesn’t cause their own annihilation. If the FED is Trump’s biggest problem and a US economic collapse is a global issue, and as a result of the meetings maybe NK they will denuclearize (whatever nebulous meaning you assign to that word), and maybe they will sign a peace treaty with the south, and maybe they will allow inspections why would North Korea matter more my friend? Seems to me like fiddling while the country is burning.

Hemke then Armstrong and now Pento – a triad of great guest. I will say that Hemke made a great deal of sense to me – destroying debt affects what another individual counts as an asset. In other words – for every action there is a reaction. I do not see debt forgiveness – I feel that Hemke is correct on this. I truly feel that this tier one valuation of gold at 100 % is something we really need to be looking at closer. We know that rates can’t stay at zero for much longer as pension funds and insurance companies need a rate of return to keep things solvent. We know that when rates rise there is a reset of the bond price – it would be interesting to know just what are the tier one capital assets for the major banks are at this time. In other words – are those assets rate sensitive – bonds, mortgages and equities? Remember, the fed wanted to start raising rates but this was reversed when the stock market went south. I can see a scenario where gold is advanced to higher levels simply to keep the banks capitalized as rate sensitive capital assets are reset to lower valuations with rising rates. Can you imagine what will happen to housing and mortgage backed securities if rates rise? What about bonds? What about equities? Is gold going to be the “get out of jail free” card that keeps the banks solvent when this thing finally blows up? March/April could be interesting!

john,
” – destroying debt affects what another individual counts as an asset. In other words – for every action there is a reaction. I do not see debt forgiveness –”

Destroying debts doesn’t have to affects another individual’s asset if that individual were an insider who holds gold. If the banksters were the insiders, they can afford to get wiped out in their loans and debts, they can more than making it up in their assets in PMs.

Debt forgiveness is the only way forward. The banksters need to create another bubble and debt is the air in the bubble. When the common folks are tapped out, no loan, no air and everybody suffers in stagnation, including the banksters. I think the banksters know they can’t do debt forgiveness the old fashion way. A reverse bait and switch, from debt assets to physical assets, is a lot more feasible than war.

Do you have bonds in your portfolio? I do and I count that as an asset. Let rates rise and then see the value of the portfolio – it drops. Loan money to an entity and they can’t pay it back then that is a total loss – a non performing bond. My point was about the nature of tier one assets that are held as bank capital – bonds and equities that are paper and rate sensitive. We know the Fed wanted to raise rates and my understanding from the interview was that banks are buying gold and that asset will increase in valuation next month. Rising rates will reset bonds and if those bonds lose value what happens to the tier one assets of the major banks – assuming that bonds are a component of that tier one structure. I do not see debt forgiveness for the individual – I see debt destruction at the corporate and US bond level by rising rates followed by recapitalization of the banking system by revalued gold prices. Rates need to rise. The problem has been easy money and the bull market in bonds is over. Keep rates low and die a slow death vs increase rates and reset the banking system to gold and experience some pain but live to see another day – financially speaking. My point is that it may be prudent to have some gold as this inclusion and revaluation within the banking system for gold as a tier one asset may be a harbinger of how a reset plays out.

john,
“Keep rates low and die a slow death vs increase rates and reset the banking system to gold (I’m sure the central banks are working on that at this very moment) and experience some pain (which is debt forgiveness via inflation and many will be thru bankruptcy) but live to see another day (only the ones with gold to cover the losts in other assets) – financially speaking. My point is that it may be prudent to have some gold (I think we are on the same page)…”

If the feds raises rates there will not be inflation but deflation – the pain being the lowered valuation of housing, bonds and equities while the consumer is on the hook for what they borrowed – car loans, student debt and housing to name a few. I do not see debt forgiveness by inflation but rather debt destruction via deflation – the debate being decided on the direction of rates. The Feds directive will be to save the banking system and not the debtor or investor – caring not for the downward correction in personal fortunes but instead the capitalization of its member banks. We seemingly do agree on one thing – gold is going to be key!

john,
We agree on more than one thing. I agree if the feds raises rates there will not be inflation but deflation.
However, sooner or later, the feds will lose control and an out of control inflation (hyperinflation) will ensue an out of control deflation (great depression).
The valuation of housing, bonds and equities are meaningless in either extreme scenario. The key is can you hold on or want to hold on to whatever investment vehicles you have until the storm is passed – you may not be able to hold on to your PMs if you don’t have food, nothing is guaranteed.
Investors who rely on floating rather than fixed rates would get burned. The ones who are heavy in margin need to be extremely lucky and skilled to stay afloat.
I’m hoping the banks will honor all of my mortgages (30 years fixed at 3.5% – 5.25%) on my properties and not change the terms after the storm is settled. This is what debt forgiveness means for me but I understand your point.

Greg: I have been trying to evaluate the ramifications of the Interview. I guess if you have a kid who is half way through their working like and holding a share of the billions in school debt which cannot be Bankruptcy-ed they may have a chance if all debt is wiped out. This debt is basically to the government. A person who reaches retirement carrying that kind of debt can never own anything as I conjecture.
Also if inflation takes off and gold actually does rise maybe someone holding gold will be able to pay out the debt??????
I am bringing such thinking up because so mqny people fell into that trap in the generation reaching middle age. But apparently on one who does not already own a home will ever own one that is not handed down.
If you consider all this and it comes true, why would we let even immigrant into our country.
People are so ignorant they cannot imagine the chess moves Michael talks about .

Keep up the good work and see if any of your experts have opinions on bringing the outcome down to defending a middle class who cannot imagine or act on what is coming. I defend them somewhat, when they have their nose to the stone from “can’t see to can’t see” and are worrying about the mistakes their kids could make.

Form a DESIRE for the unadulterated milk of thy word, so that by means of it you may grow to salvation.​—1 Pet. 2:2.

Fleshly-minded people have difficulty cultivating a balanced view of material things. Why? Because their spiritual senses are dulled. (1 Cor. 2:14) Once their powers of discernment have become clouded, it becomes more difficult for them to distinguish right from wrong. (Heb. 5:11-14) As a result, some develop an uncontrolled desire for material things​—a desire that can never be fully satisfied. (Eccl. 5:10) Thankfully, there is an antidote to being poisoned by materialistic thinking: a healthy dose of God’s Word, the Bible, taken on a regular basis. Just as meditating on divine truth fortified Jesus to reject temptation, so applying Bible principles helps us to fight against materialistic desires. (Matt. 4:8-10) By doing so, we show Jesus that we love him more than any material thing

While I want to believe that President Trump still represents our interest and the interest of the shrinking middle class, I am becoming increasingly suspicious that something is not right. As I have been posting for the past few months, all of the pieces have been moved into place to start military tribunals at Gitmo, but at this point there has been nothing but delays. If we move past the month of March and have not had a trial, I will know know that he has been compromised. At that point I would imagine that the deep state will be emboldened enough to either remove him by impeachment, assination or direct military coup. Pray.

Long post but I thought it is important to put an opinion.
I have been following for a while the British Parliament Brexit debates and some of the British judiciary hearings, and I have to say this:
On the surface it appears that Brexit is going to be reversed in a second referendum, at least we are getting now into extensions of article 50 that will keep delaying the Brexit and for UK to pay billions of pounds annually as a penalty for the delay until they hurt enough to say the heck with Brexit we want a second referendum on back in and that will.
The globalist now are having the upper hand running the clock and they are laughing all their merry way to the bank.
That is on the surface.
My take:
I think it was all engineered when the influx of immigrants was allowed in to push for the referendum that Brits understandably voted YES to leave, it was tripping the British people into a situation that will lead to the vote, once they are stuck with this awkward position and they are pushing the politicians to part with EU, right there gave the globalists the upper hand maneuvering Britain into a lower position and a weaker one, Germany is doing with tricks what could not do with brute force in 1939-1945.
I see the Russian hand into this dismantling of EU starting with its strongest member GB.
I sense it is materializing now because they do not want to see a follow up on the legacy of Queen Elizabeth, I think she is the last of the era of the west, any successor to her will inherit a very weak fractured B, it will be GB no more.
Same trap is played here with the populists lead by Trump fracturing USA.
I think it is the end of an era that we will look back on it one day and say that was the point of no return and the Russians returned the blow that dismantled the Soviet Union to the west as a whole, Once Britain falls the rest of EU falls, simultaneously USA falls.
That is the game as I see it, and aside from emotions, if you think about it, it will have some merit to the thought.

LOL… that all depends on which side of the trade you are on. Here is what Edward Griffin said recently:

“The Fed still is in control of the economy and but most people have trouble understanding what the Fed is. I faced the same kind of problem that many people are facing today when for the first time in their lives, they take a serious look and what the Federal Reserve is supposed to do and not supposed to do. And they always come up as I did with the idea that they’re failing, they’re not doing it right. Don’t they know? Are they stupid? Can’t they see what I see this isn’t working? So the problem is that in that neophyte stage of understanding, which really going on in the world, we think that it’s not working because we’re looking at it from our perspective. It’s not working for us, but it’s working very well indeed for them. We forget that there’s a dichotomy of viewpoint. So when we say they’ve lost control, usually that means, well, things are not going right. It’s failing us. People are homeless. They’ve lost control. No they haven’t lost control. That’s exactly what they want you to see happen. Because it’s very much a part of the plan. So my honest and short answer is no, they have not lost control.”

His full interview is worth listening too. This should be a MUST listen-to for all the experts out there that for about the 5-7+ years have been consistently wrong.

But here is something of concern to ponder that Edward Griffin also said in that interview:

“What would happen if good people were attempting to recapture control of their system? It would not be unimaginable to think that they would crash the whole system. Just like in a military campaign, if you’re in retreat, you burn everything as you retreat so there’s nothing left for your enemy. They would say everything was flying until these people started to take over – what they call reform. See what happened. That’s what happened when Andrew Jackson did his war against a US bank. They deliberately tried to bring the economy down so they could blame reform on it. They would destroy America rather than lose their power. “

The conundrum is “Can the FED or any central bank control interest rates in the face of raging inflation engendered by money issuance?” And “At what point does the ‘Quantity Theory of Money’ become operative again? ” In the Weimar the nominal 6% interest rate was nearly always a real negative number aside from a couple of months through 1922. They spiked interest rates to 18% and higher in 1923 but the real rate was always negative in that year by my recollection of the literature. Certainly the central bank rate is not the rate given by other lenders in the economy so whatever the “Discount Rate” is set to may become meaningless. In all the hyperinflation cases the original state money itself became worthless to be replaced in some cases by monies outside of state control.

– Nonsense. Pento’s notion that Central Banks selling assest into the market will decrease liquidity is pure nonsense. Performing Quantitive Tightning (QT) is actually neutral from a monetary point of view.
– The following happens:
1) The FED sells assest into the market and in return it for that receives (pure) cash.
2) The FED reduces the size of its balance sheet by giving that cash to the owner of the FED, i.e. the US Treasury. The Treasury then can/will spend that money into the economy.
– Therefore the net effect for the economy is ZERO. No “Easing” and no “Tightning”.

Well, one part of what Willy2 says is partially/almost true: the part where he says that the Fed pulls “cash” (actually demand deposits) out of the economy when it sells (more accurately under present circumstances, when it doesn’t refinance maturing debt).
However, that repayment of principal doesn’t get remitted to the Treasury (although much of the interest that was earned on the debt did get remitted to the Treasury — which is a subtle form of taxation), and the Treasury doesn’t actually own the Fed (although it can and does exert some influence on it — although the influence mostly goes the other way). The money the Fed gets is simply extinguished. It returns to from whence it came, i.e., thin air.
Willey2 managed to get both the accounting and the economics completely wrong. That took some sophistication, IMO.

William,
First of all Pento Manages millions of $’s got people and we know who he is. “Willy2” is anonymous and we do not know who he/she is. Finally, I trust Pento and he would not have gotten something this big wrong. I don’t interview people like “Willy2” for a reason.
Respectfully,
Greg

Mr. Hunter,
I think we are in complete agreement. Pento is one of my favorites.
IMO, Willy2 knows full well that what he (Willy2) is saying is completely wrong. Indeed, it seems to me that Willy2 intended to deceive — hence my my intended ironic “disagreement” that he doesn’t know what he is talking about. (At the time, I thought it was clever/ironic phrasing. Sorry.)

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Greg is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin.

USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.